Winston-Salem--Reynolds American, will sell international rights to its Natural American Spirit brand cigarette to Japan Tobacco Group for $5 billion in cash.

• Position: Statewide: TRIAD REGION

WINSTON-SALEM -- Reynolds American, will sell international rights to its Natural American Spirit brand cigarette to Japan Tobacco Group for $5 billion in cash. The deal is slated to close in early 2016. Also, the No. 2 U.S. tobacco company consolidated production of...